Filed under: Trader Dan Norcini
Dear Friends,
The ominous trend continues in the US Agency Debt market as Foreign Central Banks continue to divest themselves of it at an alarming pace. Holdings are now at a 39 month low. The question can be raised – who is buying all of this debt that is being unloaded on the market?
The ominous trend continues in the US Agency Debt market as Foreign Central Banks continue to divest themselves of it at an alarming pace. Holdings are now at a 39 month low. The question can be raised – who is buying all of this debt that is being unloaded on the market?
DAN'S CHARTS:
http://jsmineset.com/wp-content/uploads/2010/10/Agency-Debt-chart-10-14-2010.pdf
AND
http://jsmineset.com/wp-content/uploads/2010/10/Foreign-Central-Bank-Custodial-holdings-of-TReasuries.pdf
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